Hutchison 3G unit to break even in '05
Nov. 21, 2004
TOKYO - Hong Kong's diversified conglomerate Hutchison Whampoa's third
generation telecom unit expects to break even on a cash flow basis in 2005,
according to a published report.
Hutchison's (HUWHY, HK:13) 3G business will provide the group with superior
results to those of Orange, which the group sold to Germany's Mannesmann (VDFOF)
at a HK$118 billion profit ($15.18 billion), the South China Morning Post
reported, quoting Hutchison chairman Li Ka-shing.
The 3G business is one source for the group's good prospects in the coming
year, he reportedly said.
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